Coca-Cola Earnings: Revenue SURGES

S&P 500 (NYSE:SPY) component The Coca-Cola Company (NYSE:KO) reported its results for the second quarter. Coca-Cola is a leading manufacturer of nonalcoholic beverage concentrates and syrups.

Investing Insights: Is TV the Next Bullish Catalyst for Apple’s Stock?

The Coca-Cola Company Earnings Cheat Sheet

Results: Net income for The Coca-Cola Company fell to $2.79 billion ($1.21 per share) vs. $2.8 billion ($1.20 per share) a year earlier. This is a decline of 0.3% from the year-earlier quarter.

Revenue: Rose 2.8% to $13.09 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: The Coca-Cola Company beat the mean analyst estimate of $1.19 per share. Analysts were expecting revenue of $12.98 billion.

Key Stats:

The company has now topped analyst estimates for the last four quarters. It beat the mark by one cent in the first quarter, by 2 cents in the fourth quarter of the last fiscal year, and by 2 cents in the third quarter of the last fiscal year.

Revenue has increased for four consecutive quarters. Revenue increased 5.9% to $11.14 billion in the first quarter. The figure rose 5.2% in the fourth quarter of the last fiscal year from the year earlier and climbed 45.4% in the third quarter of the last fiscal year from the year-ago quarter.

Net income has dropped 7.5% year-over-year on average across the last five quarters. Performance was hurt by a 71.3% decline in the fourth quarter of the last fiscal year from the year-earlier quarter.

Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the third quarter has moved down from $1.10 a share to $1.09 over the last ninety days. Over the past sixty days, the average estimate for the fiscal year has reached $4.07 abs per share, a decline from $4.09.

Competitors to Watch: PepsiCo, Inc., Dr Pepper Snapple Group Inc., Hansen Natural Corporation, Coca-Cola FEMSA, S.A.B. de C.V., Coca-Cola Enterprises Inc., Heckmann Corporation, National Beverage Corp., Jones Soda Co., Celsius Holdings, Inc., and Cott Corporation.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Additional Hot Stories:

Is it Time to Buy This 800 Pound Gorilla Tech Stock Now?

Ford Stock: Buy or Sell?

Is Groupon STILL EXPLODING?